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Opportunities in the Americas Confectionery Sector - Analysis of Opportunities Offered by High Growth Economies

Opportunities in the Americas Confectionery Sector - Analysis of Opportunities Offered by High Growth Economies

Summary

The global confectionery sector was valued at over US$164 billion in 2017 and is forecast to reach about US$203 billion by 2022, growing at a CAGR of 4.3% during 2017-2022. The Americas was the largest market in the global confectionery sector, accounting for a value share of about 34.2% in 2017, followed by Asia-Pacific with a value share of more than 23% in the same year.

Of the three categories, chocolate products accounted for the largest value share of over 55% in 2017 in the Americas, while sugar confectionery was the second-largest category, registering a value share of more than 32%. With a projected CAGR of around 4.6% during 2017-2022, the sugar confectionery category is set to record the fastest growth among all confectionery categories in the Americas.

In the Americas region, the US, Mexico, Canada, and Chile were identified as the high potential countries for confectionery products, as stable economic and political conditions promise good growth opportunities for both innovative and premium confectionery products. While the US is estimated to lead in terms of value growth over 2017-2022, Chile is expected to witness the highest growth in terms of volume during the same period.

The confectionery sector in the Americas is fragmented with the top five brands - Trident, Kisses, Extra Dark, M&M’s, and Halls - accounting for a combined value share of 10.5% in 2017. Private label products accounted for a 2.2% share of total value sales.

In the Americas, hypermarkets & supermarkets led sales of confectionery products with a total value share of more than 37% in 2017. Convenience stores and food & drinks specialists are the other leading distribution channels with value shares of above 22% and 13% respectively.Flexible packaging accounted for the largest share of packaging materials in the Americas confectionery sector with a volume share of over 80% in 2017.

The report Opportunities in the Americas Confectionery Sector, provide a comprehensive overview of the Americas confectionery sector.

In depth, this report provides the following analysis -

  • Sector overview: Provides overview of the sector size, value and volume growth analysis, across regions.
  • Change in consumption: Analysis on the shift in consumption of confectionery by category across the key countries in the Americas region.
  • High potential countries: Provides Risk-Reward analysis of top four high potential countries in the Americas region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
  • Country analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2017-2022, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in the Americas region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels for skincare across the key countries in the Americas region, in 2017. It covers five distribution channels: hypermarkets & supermarkets, convenience stores, health & beauty stores, drugstores & pharmacies, and others, which include cash & carries and warehouse clubs, ‘dollar stores’, e-retailers, and department stores.
  • Preferred packaging formats: The report provides percentage share (in 2017) and growth analysis (during 2012-2022) for various package materials, pack type, closure type, and primary outer types based on the volume sales (by pack units) of confectionery.
Companies mentioned in this report: The Hershey Company, Mars, Inc., Mondelēz International, Inc.,Nestlé S.A.,Chocoladefabriken Lindt & Sprüngli AG, Grupo Bimbo, S.A.B. de C.V., Grupo Arcor

Scope

This report brings together multiple data sources to provide a comprehensive overview of the Americas confectionery sector. It includes analysis on the following -
  • Sector overview: Provides overview of the sector size, value and volume growth analysis, across regions.
  • Change in consumption: Analysis on the shift in consumption of confectionery by category across the key countries in the Americas region.
  • High potential countries: Provides Risk-Reward analysis of top four high potential countries in the Americas region based on market assessment, economic development, socio-demographic, governance indicators, and technological infrastructure.
  • Country analysis: Provides deep-dive analysis of four high potential countries covering value growth during 2017-2022, key challenges, consumer demographics, and key trends supported with product examples. It also includes analysis of the key challenges faced and future outlook for the region.
  • Brand Analysis: Provides an overview of leading brands in the Americas region, besides analyzing the growth of private labels in the region.
  • Key distribution channels: Provides analysis on the leading distribution channels for skincare across the key countries in the Americas region, in 2017. It covers five distribution channels: hypermarkets & supermarkets, convenience stores, health & beauty stores, drugstores & pharmacies, and others, which include cash & carries and warehouse clubs, ‘dollar stores’, e-retailers, and department stores.
  • Preferred packaging formats: The report provides percentage share (in 2017) and growth analysis (during 2012-2022) for various package materials, pack type, closure type, and primary outer types based on the volume sales (by pack units) of confectionery.
Reasons to buy
  • Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the sector in the region.
  • The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis , that can help companies gain insight into the country specific nuances
  • The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion
  • To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.


1. Executive summary
2. Market size and growth analysis (regional analysis)
Market size analysis - Americas compared to other regions
Americas - analysis by region
Growth analysis by region
Growth analysis by country
Growth analysis by sector
3.Identifying high potential countries in the Americas
Identifying high potential countries - methodology
High potential countries
Identifying high potential countries - risk, reward, and opportunity analysis
4. Market size and growth analysis (high potential countries in the Americas)
High potential countries in the Americas - overview
Growth contribution analysis by country (1/2)
Growth contribution analysis by country (2/2)
Share of confectionery compared to other food sectors
Change in consumption levels by country and confectionery categories
Per capita consumption analysis
Per capita expenditure analysis
5. Country Profiles (high potential countries in the Americas)
US
Mexico
Canada
Chile
6. Success Stories
Confectionery in the Americas: case studies
7. Company and brand analysis
Brand share analysis in the different confectionery category
Leading companies in the Americas confectionery sector
Leading brands in the Americas confectionery sector
Private label penetration in the confectionery categories
8. Health & wellness analysis
Health & wellness analysis - overview
Health & wellness analysis - growth contribution by country
Health & wellness analysis - key product attributes and consumer benefits
Health & wellness analysis - key product attributes and consumer benefits
Leading health & wellness companies by market share
9. Key Distribution channels
Leading distribution channels by country
Leading distribution channels by sector
10. Key packaging formats
Growth analysis by key package material and pack type
Growth analysis by closure type and primary outer type
11. Challenges and future outlook
Key challenges
Future outlook
12. Appendix
List of Tables
Regional comparison: market size, growth, and per capita analysis, 2017-2022
Americas - analysis by region
Countries covered in North America and South America
High potential countries in the Americas - overview
Value share of confectionery sector as a proportion of overall food by country, 2017
Change in consumption by category in confectionery sector (value terms), 2017-2022
Per capita consumption by sector in the Americas and high potential countries, 2017
Per capita expenditure by sector in the Americas and high potential countries, 2017
The US, key sector value share, 2017
The US, consumption by age group
Mexico, key sector value share, 2017
Mexico, consumption by age group
Canada, key sector value share, 2017
Canada, consumption by age group
Chile, key sector value share, 2017
Chile, consumption by age group
Leading companies in the Americas confectionery category by value, 2017
Leading brands in the Americas confectionery category by value sales (US$ million), 2017
Private label penetration (in value terms) in the confectionery sector, 2017
Health & wellness value and its share in overall sales, 2012-2022
Health & wellness - shares across countries - Americas, 2017
Leading distribution channels in the Americas by countries (by value), 2017
Leading distribution channels in the Americas region by category, 2017
List of Figures
Annual value growth analysis by region (2017-2022)
Annual volume growth analysis by region (2017-2022)
Value and volume growth analysis by country (2017-2022)
Value and volume growth analysis by sector in the Americas (2017-2022)
Top four high potential countries in the Americas
Country level contribution to the growth of chocolate category in the Americas, 2017-2022
Country level contribution to the growth of gum category in the Americas, 2017-2022
Country level contribution to the growth of sugar confectionery category in the Americas, 2017-2022
US confectionery - demographic analysis
Mexico confectionery - demographic analysis
Canada confectionery - demographic analysis
Chile confectionery - demographic analysis
Country level contribution to the growth of health & wellness in the Americas confectionery sector, 2017-2022
Key package material volume (units) share, 2017, unit volume growth by package material (2017-2022)
Key pack type volume (units) share, 2017, unit volume growth by pack type (2017-2022)
Key closure type volume (units) share, 2017, unit volume growth by closure type (2017-2022)
Key primary outer type volume (units) share, 2017, unit volume growth by primary outer type (2017-2022)

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